15th Mar 2022 10:58
FORM 8.5 (EPT/RI)
PUBLIC DEALING DISCLOSURE BY AN EXEMPT PRINCIPAL TRADER WITH RECOGNISED INTERMEDIARY STATUS DEALING IN A CLIENT-SERVING CAPACITY
Rule 8.5 of the Takeover Code (the "Code")
1. KEY INFORMATION
(a) Name of exempt principal trader: | Morgan Stanley & Co. International plc |
(b) Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each offeror/offeree | Pearson plc |
(c) Name of the party to the offer with which exempt principal trader is connected: | Pearson plc |
(d) Date dealing undertaken: | 14 March 2022 |
(e) In addition to the company in 1(b) above, is the exempt principal trader making disclosures in respect of any other party to this offer? If it is a cash offer or possible cash offer, state "N/A" | NO |
2. DEALINGS BY THE EXEMPT PRINCIPAL TRADER
Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(b), copy table 2(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.
The currency of all prices and other monetary amounts should be stated.
(a) Purchases and sales
Class of relevant security | Purchases/ sales
| Total number of securities | Highest price per unit paid/received | Lowest price per unit paid/received |
25p ordinary | PURCHASES | 90,323 | 10.0460 USD | 9.9295 USD |
25p ordinary | SALES | 90,323 | 10.0466 USD | 9.9295 USD |
25p ordinary | SALES | 1,163,759 | 7.8780 GBP | 7.6094 GBP |
25p ordinary | PURCHASES | 1,145,837 | 7.9100 GBP | 7.6100 GBP |
ADS | PURCHASES | 434 | 10.2118 USD | 10.1452 USD |
ADS | SALES | 434 | 10.2118 USD | 10.1452 USD |
(b) Cash-settled derivative transactions
Class of relevant security | Product description e.g. CFD | Nature of dealing e.g. opening/closing a long/short position, increasing/reducing a long/short position | Number of reference securities | Price per unit |
25p ordinary | CFD | increasing a long position | 7,646 | 7.6100 GBP |
25p ordinary | CFD | increasing a long position | 21,320 | 7.6164 GBP |
25p ordinary | CFD | increasing a long position | 31,012 | 7.6441 GBP |
25p ordinary | CFD | increasing a long position | 969 | 7.6529 GBP |
25p ordinary | CFD | increasing a long position | 54,756 | 7.6536 GBP |
25p ordinary | CFD | increasing a long position | 30,600 | 7.6645 GBP |
25p ordinary | CFD | increasing a long position | 21,213 | 7.6661 GBP |
25p ordinary | CFD | increasing a long position | 28 | 7.6680 GBP |
25p ordinary | CFD | increasing a long position | 68,294 | 7.6727 GBP |
25p ordinary | CFD | increasing a long position | 29,916 | 7.6746 GBP |
25p ordinary | CFD | increasing a long position | 1,357 | 7.6762 GBP |
25p ordinary | CFD | increasing a long position | 1,629 | 7.6831 GBP |
25p ordinary | CFD | increasing a long position | 3,720 | 7.6859 GBP |
25p ordinary | CFD | increasing a long position | 13,606 | 7.6927 GBP |
25p ordinary | CFD | increasing a long position | 28,880 | 7.7015 GBP |
25p ordinary | CFD | increasing a long position | 14,516 | 7.7150 GBP |
25p ordinary | CFD | increasing a long position | 1,249 | 7.7158 GBP |
25p ordinary | CFD | increasing a long position | 106 | 7.7240 GBP |
25p ordinary | CFD | increasing a long position | 16,010 | 7.7279 GBP |
25p ordinary | CFD | increasing a long position | 5,113 | 7.7365 GBP |
25p ordinary | CFD | increasing a long position | 5,512 | 7.7599 GBP |
25p ordinary | CFD | increasing a long position | 1,081 | 7.7614 GBP |
25p ordinary | CFD | increasing a short position | 2,121 | 7.6100 GBP |
25p ordinary | CFD | increasing a short position | 44,146 | 7.6100 GBP |
25p ordinary | CFD | increasing a short position | 2,483 | 7.6231 GBP |
25p ordinary | CFD | increasing a short position | 7,517 | 7.6231 GBP |
25p ordinary | CFD | increasing a short position | 39,018 | 7.6299 GBP |
25p ordinary | CFD | increasing a short position | 2,839 | 7.6444 GBP |
25p ordinary | CFD | increasing a short position | 310 | 7.6457 GBP |
25p ordinary | CFD | increasing a short position | 70 | 7.7240 GBP |
25p ordinary | CFD | reducing a long position | 969 | 7.6100 GBP |
25p ordinary | CFD | reducing a long position | 29,021 | 7.6100 GBP |
25p ordinary | CFD | reducing a long position | 36,185 | 7.6100 GBP |
25p ordinary | CFD | reducing a long position | 149 | 7.6100 GBP |
25p ordinary | CFD | reducing a long position | 12,652 | 7.6100 GBP |
25p ordinary | CFD | reducing a long position | 2,196 | 7.6100 GBP |
25p ordinary | CFD | reducing a long position | 4,197 | 7.6100 GBP |
25p ordinary | CFD | reducing a long position | 51,930 | 7.6299 GBP |
25p ordinary | CFD | reducing a long position | 48,764 | 7.6568 GBP |
25p ordinary | CFD | reducing a long position | 3,271 | 7.6571 GBP |
25p ordinary | CFD | reducing a long position | 422 | 7.6571 GBP |
25p ordinary | CFD | reducing a long position | 8,000 | 7.6611 GBP |
25p ordinary | CFD | reducing a long position | 96 | 7.6707 GBP |
25p ordinary | CFD | reducing a long position | 75 | 7.6707 GBP |
25p ordinary | CFD | reducing a long position | 5,221 | 7.6707 GBP |
25p ordinary | CFD | reducing a long position | 752 | 7.6707 GBP |
25p ordinary | CFD | reducing a long position | 88,661 | 7.6707 GBP |
25p ordinary | CFD | reducing a long position | 7,318 | 7.6707 GBP |
25p ordinary | CFD | reducing a long position | 337 | 7.6707 GBP |
25p ordinary | CFD | reducing a long position | 6,207 | 7.6707 GBP |
25p ordinary | CFD | reducing a long position | 382 | 7.6707 GBP |
25p ordinary | CFD | reducing a long position | 509 | 7.6707 GBP |
25p ordinary | CFD | reducing a long position | 9,323 | 7.6722 GBP |
25p ordinary | CFD | reducing a long position | 20,760 | 7.6722 GBP |
25p ordinary | CFD | reducing a long position | 4,089 | 7.6722 GBP |
25p ordinary | CFD | reducing a long position | 4,599 | 7.6722 GBP |
25p ordinary | CFD | reducing a long position | 33 | 7.6722 GBP |
25p ordinary | CFD | reducing a long position | 397 | 7.6822 GBP |
25p ordinary | CFD | reducing a long position | 13,606 | 7.6859 GBP |
25p ordinary | CFD | reducing a long position | 217 | 7.6870 GBP |
25p ordinary | CFD | reducing a long position | 329 | 7.7018 GBP |
25p ordinary | CFD | reducing a long position | 1,671 | 7.7018 GBP |
25p ordinary | CFD | reducing a long position | 2,335 | 7.7058 GBP |
25p ordinary | CFD | reducing a long position | 22,786 | 7.7330 GBP |
25p ordinary | CFD | reducing a long position | 5,113 | 7.7413 GBP |
25p ordinary | CFD | reducing a short position | 20,000 | 7.6094 GBP |
25p ordinary | CFD | reducing a short position | 1,003 | 7.7150 GBP |
25p ordinary | CFD | reducing a short position | 730 | 7.7527 GBP |
25p ordinary | CFD | reducing a short position | 2,121 | 7.7599 GBP |
(c) Stock-settled derivative transactions (including options)
(i) Writing, selling, purchasing or varying
Class of relevant security | Product description e.g. call option | Writing, purchasing, selling, varying etc. | Number of securities to which option relates | Exercise price per unit | Type e.g. American, European etc. | Expiry date | Option money paid/ received per unit |
N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
(ii) Exercise
Class of relevant security | Product description e.g. call option | Exercising/ exercised against | Number of securities | Exercise price per unit |
N/A | N/A | N/A | N/A | N/A |
(d) Other dealings (including subscribing for new securities)
Class of relevant security | Nature of dealing e.g. subscription, conversion | Details | Price per unit (if applicable) |
N/A | N/A | N/A | N/A |
3. OTHER INFORMATION
(a) Indemnity and other dealing arrangements
Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the exempt principal trader making the disclosure and any party to the offer or any person acting in concert with a party to the offer: Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state "none" |
NONE
|
(b) Agreements, arrangements or understandings relating to options or derivatives
Details of any agreement, arrangement or understanding, formal or informal, between the exempt principal trader making the disclosure and any other person relating to: (i) the voting rights of any relevant securities under any option; or (ii) the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced: If there are no such agreements, arrangements or understandings, state "none" |
NONE
|
| Date of disclosure: | 15 March 2022 |
| Contact name: | Craig Horsley |
| Telephone number: | +44 141 245-7736 |
Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service.
The Panel's Market Surveillance Unit is available for consultation in relation to the Code's dealing disclosure requirements on +44 (0)20 7638 0129.
The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.
Related Shares:
Pearson